{
  "url": "https://openlegislation.uk/stamp-duty-reserve-tax-regulations-1986/schedule/part-I",
  "json_url": "https://openlegislation.uk/stamp-duty-reserve-tax-regulations-1986/schedule/part-I.json",
  "legislation": "uksi/1986/1711",
  "legislation_title": "The Stamp Duty Reserve Tax Regulations 1986",
  "legislation_url": "https://openlegislation.uk/stamp-duty-reserve-tax-regulations-1986",
  "path": "schedule/part/I",
  "kind": "part",
  "number": "I",
  "heading": "TABLE",
  "text": "Provision applied\nModifications\nSection 23(1)\n—\n(2)\nFor the words “five shillings” substitute “25 pence”.\n(3)\nFor the word ““security”” substitute ““securities””; and for the words “includes shares, stock, debentures and debenture stock” substitute “means chargeable securities”.\n25(1)\nFor the words “chargeable gains an inspector” substitute “relevant transactions the Board”; and omit the words “in writing”.\n(2)\n—\n(3)\n—\n(4)\nFor the words “stock exchange in the United Kingdom, other than a market maker,” substitute “recognised investment exchange or a market of the kind described in paragraph 36(2) of Part III of the Schedule to the Financial Services and Markets Act 2000 (Exemption) Order 2001 (“EEA regulated market”)”.\n(5)\nFor the words “a stock exchange in the United Kingdom” substitute “a recognised investment exchange or an EEA regulated market”; and omit the words “after 5th April 1968 and”.\n(8)\n—\n(9)\nFor the words ““company”” to the end substitute ““shares or securities” means chargeable securities and “company” shall be construed accordingly”.\n26(1)\nFor the words “chargeable gains” substitute “relevant transactions”; omit the words “in writing”; and omit the words “or an inspector”.\n(2)\nFor the words “include” to the end substitute “are references to chargeable securities”.\n...\n...\n47C\n—\n49A(1) to (3)\n—\n49B\n—\n49C\nin subsection (4) from “is to be treated” to the end substitute “is to be treated as conclusive for the purposes of Part IV of the Finance Act 1986 ... against a person on whom the notice is served.” and omit subsection (5)\n49D and 49E\n—\n49F\nin subsection (2) from “are to be treated” to the end substitute “are to be treated as conclusive for the purposes of Part IV of the Finance Act 1986 ... against a person on whom the notice is served” and omit subsection (3)\n49G, 49H, 49I\n—\n...\n...\n...\n...\n...\n...\n...\n...\n...\n...\n...\n...\n...\n...\n60\n—\n61\n—\n63(1)\n—\n(2)\n—\n63A(1)\n—\n(2)\n—\n65(1)\nFor paragraphs (a) and (b) there shall be substituted “the amount of any tax for the time being due and payable is less than £1,000,”.\n(4)\n—\n66(1)\nFor the words “any assessment” substitute “the Act”.\n(2)\n—\n(2A)\n—\n(3)\n—\n(4)\n—\n67(1)\nOmit the words “under any assessment”.\n(2)\n—\n68\n—\n69\nFor the words “Part IX of this” substitute “the”; omit the words “charged and”; and omit the words “under the assessment” to the end.\n71(2)\nFor the words “chargeable to” substitute “accountable or liable for”; omit the word “income”; for the words “Income Tax Acts” substitute “Act”; and omit the words “for the purpose of the assessment of the body”.\n(3)\nOmit the word “income”; for the words “charged on the body” substitute “for which the body is accountable or liable”; and for the words “Income Tax Acts” substitute “Act”.\n...\n...\n...\n...\n74(1)\nFor the words “chargeable to income” substitute “accountable or liable for”; and for the words “chargeable on such deceased person” substitute “for which such deceased person is accountable or liable”.\n(2)\n—\n78(1)\nOmit the words from the beginning to “(Schedule A etc.)”; omit the words “whether a British subject or not”; for the words “assessable and chargeable to income” substitute “accountable or liable for”; omit the words from “whether the branch” to “or gains or not”; for the words “assessed and charged” substitute “accountable or liable”; and omit the words from “and in the actual receipt” to the end.\n83(1)\nFor the words “in whose name” substitute “who is accountable or liable in respect of”; omit the words “is chargeable”; for the words “Income Tax Acts” substitute “Act”; and for the words “of assessment and payment of income tax” substitute “thereof”.\n(2)\nFor the words “has been charged” substitute “is accountable or liable”; for the words “Income Tax Acts” in both places in which they occur substitute “Act”; and for the word “charged” substitute “for which he is accountable or liable”.\n86(1)\nFor the words “The following” to “section 55 or 59B of this Act,” substitute “Tax which becomes due and payable”; and for the words “the relevant date” substitute “1st October 1999 or the accountable date, whichever is the later,”.\n(3)\nFor the word “relevant” substitute “accountable”.\n...\n...\n...\n...\n90\n—\n93(1)\nFor the words “where” to “with the notice” substitute “where any person (the taxpayer) fails to give a notice which he is required to give under regulation 4 or 4A of the Stamp Duty Reserve Tax Regulations 1986”.\n(2)\n—\n...\n...\n(5)\nFor the words “to (4)” substitute “and (3)”; and for the words from “if” to the end substitute “if the failure by the taxpayer to give the notice continues after the end of a period of one year beginning on the last day on which the notice should have been given, he shall be liable to a penalty of an amount not exceeding the amount of the tax which he should have paid by the date by which he should have given the notice”.\n(6)\n—\n95(1)\nIn paragraph (a) for the word “delivers” substitute “gives”; and for the words from “return” to “Act)” substitute “notice under regulation 4 or 4A of the Stamp Duty Reserve Tax Regulations 1986”; in paragraph (b) omit the word “return,”; for the words “in connection with” substitute “in, or in connection with,”; omit the words “for any allowance, deduction or relief”; and for the words “income tax or capital gains” substitute “stamp duty reserve”; omit paragraph (c) and the word “or” immediately preceding it.\n(2)\nIn paragraph (a) for the words “income tax and capital gains” substitute “stamp duty reserve”; omit the words “for” to “assessment”; and omit the words “including” to “repayable”; in paragraph (b) for the word “return” substitute “notice”; after the word “statement” insert “or”; omit the words “or accounts”; after the word “as” insert “given or”; and omit the words “or submitted”.\n97(1)\nFor the word “return” in both places in which it occurs substitute “notice”; after the word “statement” in both places in which it occurs insert “or”; omit the words “or accounts” in both places in which they occur; for the words “sections 95 and 96” substitute “section 95”; for the words “made or submitted” in both places in which they occur substitute “given or made”; and for the words “those sections” substitute “that section”.\n98(1)\nOmit the words “Subject to the provisions of this section and section 98A below,”.\n(2)\nOmit the words “Subject to section 98A below”.\n(3)\n—\n(4)\n—\nTable\nOmit the provisions specified in the first and second columns of the Table and the words at the end of the Table and insert the following provisions— Section 23 of this Act;\nThe Stamp Duty Reserve Tax Regulations 1986 (other than regulations 4 and 4A) .\nSection 25(1), (2), (3), (4), (5), (8) and (9) of this Act;\nThe Stamp Duty Reserve Tax (UK Depositary Interests in Foreign Securities) Regulations 1999\nSection 26 of this Act;\n. . .\nThe Stamp Duty Reserve Tax Regulations 1986.\n99\nFor the words “preparation or delivery” substitute “giving”; for the words “information, return, accounts or other document” substitute “notice under regulation 4 or 4A ... of the Stamp Duty Reserve Tax Regulations 1986 or Schedule 36 to the Finance Act 2008”; and omit paragraph (a).\n100(1)\nBefore the word “Commissioners” insert “Special”; and for the words “the Taxes Acts” substitute “this Act”.\n(2)\nIn paragraph (a) for the words “section 93(1) above” onwards substitute “section 93(1)(a) above, or”; omit paragraph (b); in paragraph (c) for the words “section 98(1) above” onwards substitute “section 98(1)(i) above”; omit paragraphs (d) and (e).\n(3)\n—\n(4)\n—\n(5)\n—\n100A(1)\n—\n(2)\n—\n(3)\nOmit the words “in an assessment”.\n100B(1)\nFor the words from “this Act” onwards substitute “the Stamp Duty Reserve Tax Regulations 1986 relating to appeals against determinations specified in notices under regulation 6 of those Regulations (“regulation 6 determinations”) shall have effect in relation to an appeal against such a determination as they have effect in relation to appeals against regulation 6 determinations”.\n(2)\nOmit the words “section 50(6) to (8) of this Act shall not apply but”; and before the word “Commissioners” in both places where it occurs insert “Special”.\n(3)\n...\n100C\n—\n100D\n—\n101\nFor the word “assessment” substitute “notice under regulation 6 of The Stamp Duty Reserve Tax Regulations 1986”; after the word “varied” insert “or quashed”; ...; and for the word “that” to the end substitute “of the matters specified”.\n102\n—\n103(1)\nOmit the words “Subject to subsection (2) below” and the words “for any period” ...\n(3)\n—\n...\n...\n104\nFor the words “the Taxes Acts” substitute “this Act”; and for the word “misdemeanour” substitute “offence”.\n105\n—\n108(1)\nFor the words “Taxes Acts” in both places in which they occur substitute “Act”; and omit the words “This subsection” to the end.\n(2)\nFor the words from the beginning to “on” substitute “Tax for which”; and after the word “Charter” insert “is accountable or liable”.\n(3)\n—\n...\n...\n114(1)\nFor the words “An assessment or determination” substitute “A notice of determination”; for the words “Taxes Acts” in both places in which they occur substitute “Act”; omit the words “or property charged or”; and the words “charged or”.\n(2)\nFor the words “An assessment or determination” substitute “A notice of determination”; in paragraph (a)(i) omit the word “liable”; in paragraph (a)(ii) for the words “the description of any profits or property” substitute “any matter specified therein”; and omit the word “or”; omit paragraph (a)(iii); omit paragraph (b).\n118(1)\nOmit the following expressions and the words which occur after them:\n“the Board”\n“chargeable gain”\n“chargeable period”\n“inspector”\n“return”\n“tax”\n“the Taxes Acts”\n“trade”; and\nin the words which occur after the expression “neglect” for the words “Taxes Act” substitute “Act”.\n(2)\nAfter the word “deemed” in the second place in which it occurs insert “not to have failed to do it unless the excuse ceased and, after the excuse ceased, he shall be deemed”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Sch. Pt. 1 Table substituted (20.10.1997 with respect to any relevant transaction entered into on or after that date) by The Stamp Duty Reserve Tax (Amendment) Regulations 1997 (S.I. 1997/2430), regs. 1, 11(2)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Sch. Pt. 1 Table substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629), arts. 1(2)(b), 115(2)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in Sch. Pt. 1 Table substituted (20.10.1997 with respect to any relevant transaction entered into on or after that date) by The Stamp Duty Reserve Tax (Amendment) Regulations 1997 (S.I. 1997/2430), regs. 1, 11(3)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in Sch. Pt. 1 omitted (1.4.2009) by virtue of The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 2 para. 17(2)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in Sch. Pt. 1 inserted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 2 para. 17(3)(a)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in Sch. Pt. 1 inserted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 2 para. 17(3)(b)"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "Words in Sch. Pt. 1 Table omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Stamp Duty Reserve Tax (Finance Act 1999, Schedule 19) (Consequential Amendments) Regulations 2014 (S.I. 2014/1932), regs. 1(1), 2(12)(a)"
    },
    {
      "type": "F",
      "label": "F8",
      "text": "Words in Sch. Pt. 1 inserted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 2 para. 17(3)(c)"
    },
    {
      "type": "F",
      "label": "F9",
      "text": "Words in Sch. Pt. 1 inserted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 2 para. 17(3)(d)"
    },
    {
      "type": "F",
      "label": "F10",
      "text": "Words in Sch. Pt. 1 inserted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 2 para. 17(3)(e)"
    },
    {
      "type": "F",
      "label": "F11",
      "text": "Words in Sch. Pt. 1 revoked (1.9.1994) by The General and Special Commissioners (Amendment of Enactments) Regulations 1994 (S.I. 1994/1813), reg. 1(1), Sch. 1 para. 30(2), Sch. 2 Pt. II (with reg. 1(1)(a)(b))"
    },
    {
      "type": "F",
      "label": "F12",
      "text": "Words in Sch. Pt. 1 omitted (1.4.2009) by virtue of The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 2 para. 17(4)"
    },
    {
      "type": "F",
      "label": "F13",
      "text": "Words in Sch. Pt. 1 inserted (1.1.1994) by The Stamp Duty Reserve Tax (Amendment) Regulations 1993 (S.I. 1993/3110), regs. 1, 7(3)"
    },
    {
      "type": "F",
      "label": "F14",
      "text": "Words in Sch. Pt. 1 substituted (1.1.1994) by The Stamp Duty Reserve Tax (Amendment) Regulations 1993 (S.I. 1993/3110), regs. 1, 7(4)"
    },
    {
      "type": "F",
      "label": "F15",
      "text": "Words in Sch. Pt. 1 substituted (1.1.1994) by The Stamp Duty Reserve Tax (Amendment) Regulations 1993 (S.I. 1993/3110), regs. 1, 7(5)"
    },
    {
      "type": "F",
      "label": "F16",
      "text": "Words in Sch. Pt. 1 substituted (1.1.1994) by The Stamp Duty Reserve Tax (Amendment) Regulations 1993 (S.I. 1993/3110), regs. 1, 7(6)"
    },
    {
      "type": "F",
      "label": "F17",
      "text": "Words in Sch. Pt. 1 omitted (6.4.2012) by virtue of The Child Trust Funds, Registered Pension Schemes and Stamp Duty Reserve Tax (Consequential Amendments) Regulations 2012 (S.I. 2012/886), regs. 1, 4(2)"
    },
    {
      "type": "F",
      "label": "F18",
      "text": "Words in Sch. Pt. 1 substituted (1.10.1999) by The Stamp Duty Reserve Tax (Amendment) Regulations 1999 (S.I. 1999/2536), regs. 1, 3"
    },
    {
      "type": "F",
      "label": "F19",
      "text": "Words in Sch. Pt. 1 omitted (1.1.1994) by virtue of The Stamp Duty Reserve Tax (Amendment) Regulations 1993 (S.I. 1993/3110), regs. 1, 7(7)"
    },
    {
      "type": "F",
      "label": "F20",
      "text": "Words in Sch. Pt. 1 omitted (18.8.1989) by virtue of The Stamp Duty Reserve Tax (Amendment) Regulations 1989 (S.I. 1989/1301), regs. 1, 4(b)"
    },
    {
      "type": "F",
      "label": "F21",
      "text": "Words in Sch. Pt. 1 Table substituted (20.10.1997 with respect to any relevant transaction entered into on or after that date) by The Stamp Duty Reserve Tax (Amendment) Regulations 1997 (S.I. 1997/2430), regs. 1, 11(4)"
    },
    {
      "type": "F",
      "label": "F22",
      "text": "Words in Sch. Pt. 1 Table substituted (with effect in relation to any surrender made or effected on or after 30.3.2014) by The Stamp Duty Reserve Tax (Finance Act 1999, Schedule 19) (Consequential Amendments) Regulations 2014 (S.I. 2014/1932), regs. 1(1), 2(12)(b) (with reg. 1(2))"
    },
    {
      "type": "F",
      "label": "F23",
      "text": "Words in Sch. Pt. 1 Table substituted (20.10.1997 with respect to any relevant transaction entered into on or after that date) by The Stamp Duty Reserve Tax (Amendment) Regulations 1997 (S.I. 1997/2430), regs. 1, 11(5)"
    },
    {
      "type": "F",
      "label": "F24",
      "text": "Words in Sch. Pt. 1 substituted (1.1.1994) by The Stamp Duty Reserve Tax (Amendment) Regulations 1993 (S.I. 1993/3110), regs. 1, 7(9)"
    },
    {
      "type": "F",
      "label": "F25",
      "text": "Words in Sch. Pt. 1 Table substituted (20.10.1997 with respect to any relevant transaction entered into on or after that date) by The Stamp Duty Reserve Tax (Amendment) Regulations 1997 (S.I. 1997/2430), regs. 1, 11(6)"
    },
    {
      "type": "F",
      "label": "F26",
      "text": "Words in Sch. Pt. 1 Table substituted (with effect in relation to any surrender made or effected on or after 30.3.2014) by The Stamp Duty Reserve Tax (Finance Act 1999, Schedule 19) (Consequential Amendments) Regulations 2014 (S.I. 2014/1932), regs. 1(1), 2(12)(c) (with reg. 1(2))"
    },
    {
      "type": "F",
      "label": "F27",
      "text": "Words in Sch. Pt. 1 added (25.8.1999) by The Stamp Duty Reserve Tax (UK Depositary Interests in Foreign Securities) Regulations 1999 (S.I. 1999/2383), regs. 1, 5"
    },
    {
      "type": "F",
      "label": "F28",
      "text": "Words in Sch. Pt. 1 revoked (1.9.1994) by The General and Special Commissioners (Amendment of Enactments) Regulations 1994 (S.I. 1994/1813), reg. 1(1), Sch. 1 para. 30(4), Sch. 2 Pt. 2 (with reg. 1(1)(a)(b))"
    },
    {
      "type": "F",
      "label": "F29",
      "text": "Words in Sch. Pt. 1 substituted (1.1.1994) by The Stamp Duty Reserve Tax (Amendment) Regulations 1993 (S.I. 1993/3110), regs. 1, 7(10)"
    },
    {
      "type": "F",
      "label": "F30",
      "text": "Words in Sch. Pt. 1 omitted (1.4.2010) by virtue of The Stamp Duty Reserve Tax (Amendment) Regulations 2010 (S.I. 2010/664), regs. 1(2), 4(2)(a)"
    },
    {
      "type": "F",
      "label": "F31",
      "text": "Words in Sch. Pt. 1 inserted (1.4.2010) by The Stamp Duty Reserve Tax (Amendment) Regulations 2010 (S.I. 2010/664), regs. 1(2), 4(2)(b)"
    },
    {
      "type": "F",
      "label": "F32",
      "text": "Words in Sch. Pt. 1 substituted (1.1.1994) by The Stamp Duty Reserve Tax (Amendment) Regulations 1993 (S.I. 1993/3110), regs. 1, 7(11)"
    },
    {
      "type": "F",
      "label": "F33",
      "text": "Words in Sch. Pt. 1 omitted (1.4.2009) by virtue of The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 2 para. 17(5)"
    },
    {
      "type": "F",
      "label": "F34",
      "text": "Words in Sch. Pt. 1 substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 2 para. 17(6)"
    },
    {
      "type": "F",
      "label": "F35",
      "text": "Words in Sch. Pt. 1 omitted (1.4.2009) by virtue of The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 2 para. 17(7)"
    },
    {
      "type": "F",
      "label": "F36",
      "text": "Words in Sch. Pt. 1 substituted (1.1.1994) by The Stamp Duty Reserve Tax (Amendment) Regulations 1993 (S.I. 1993/3110), regs. 1, 7(12)"
    },
    {
      "type": "F",
      "label": "F37",
      "text": "Words in Sch. Pt. 1 omitted (1.4.2009) by virtue of The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 2 para. 17(8)"
    },
    {
      "type": "F",
      "label": "F38",
      "text": "Words in Sch. Pt. 1s omitted (1.4.2009) by virtue of The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 2 para. 17(9)"
    },
    {
      "type": "F",
      "label": "F39",
      "text": "Words in Sch. Pt. 1 omitted (1.4.2010) by virtue of The Stamp Duty Reserve Tax (Amendment) Regulations 2010 (S.I. 2010/664), regs. 1(2), 4(3)"
    },
    {
      "type": "F",
      "label": "F40",
      "text": "Words in Sch. Pt. 1 substituted (1.1.1994) by The Stamp Duty Reserve Tax (Amendment) Regulations 1993 (S.I. 1993/3110), regs. 1, 7(13)"
    },
    {
      "type": "F",
      "label": "F41",
      "text": "Word in Sch. Pt. 1 substituted (1.4.2009) by The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 2 para. 17(10)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. Pt. 1 in force at 27.10.1986, see reg. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1986/1711/schedule/part/I",
    "retrieved_at": "2026-10-29T16:40:29.504184+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}